With all eyes on the U.S. economy, Virginie Maisonneuve, the head of global and international equities at Schroders, steps back to check in on markets around the world. She explains to Associate Editor Mason Braswell why China's new leadership could be a boon for investors in 2013, what she is seeing in Europe, and which hot spots have her worried.
1. How does the global landscape look from where you're sitting? China is an engine of growth that is going to surprise on the upside. The U.S. is still [not very] strong, but stronger, and there, the question is how the fiscal cliff is going to play out. But everything else being equal, the U.S. has actually shown us better numbers in home improvement, housing, job numbers, etc. The fact that Europe, in my view, is going to stop deteriorating is a big positive factor. Within Europe you are going to have areas that are going to do less badly. We've had very intense pressure on some of those countries and things are bad, but for them to get much worse from here it would be quite difficult.
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